ABSCONDING ACCUSED IN BANK FRAUD CASE BROUGHT BACK TO INDIA


 

Press Release
New Delhi, 07.03.2020

The Central Bureau of Investigation has today brought an absconding accused in bank fraud case from Muscat, Oman.

A case was registered on 16.12.2015 against said accused; his wife and others on the allegations that the said accused, a Director of Private Company fraudulently obtained a bank loan of Rs.10 crore (approx.) from Punjab National Bank, Darya Ganj Branch, New Delhi and clandestinely removed the hypothecated goods which led to the loan account NPA. Both the accused were absconding since registration of case. A chargesheet was filed on 22.12.016 against them and three other officials of PNB including then Chief Manager, then Manager & then AGM. Further investigation was kept open.

The absconding accused did not join the investigation, a Red Corner Notice was issued on 31.05.2016. In pursuance of existing RCN, the said accused was apprehended by NCB Muscat, Oman and information was passed on to NCB, India (CBI). Meanwhile CBI with the help of Interpol was regularly in contact with NCB Muscat for deportation of accused to India.

With effective coordination with NCB Muscat, Indian Embassy at Oman, NCB India (CBI), the deportation of accused was attended and addressed within a short span of time.

The accused will be produced before the Competent Court at New Delhi.

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